A hospitality-driven residential experience brings elevated living, curated amenities, and direct access to The Park's dynamic dining and lifestyle offerings

BERKELEY HEIGHTS, N.J., June 9, 2026 /PRNewswire/ -- The Connell Company, one of the largest diversified, privately held corporations in the U.S., has begun leasing RT500, an eleven-story tower that will include 179 residential units. The tower, which will be one of two at The Park under the Round Table (RT) Residences brand, will feature a wide range of resort-style amenities including an entertainment lounge, game room, state-of-the-art fitness center, rooftop pool and more.

Inside the rollout

Why it matters

For industry operators, this is another data point in the structural change reshaping the hospitality sector. Watch for follow-on moves from competitors and reactions from key channel partners in the coming quarters.

A hospitality-driven residential experience brings elevated living, curated amenities, and direct access to The Park's dynamic dining and lifestyle offerings

BERKELEY HEIGHTS, N.J., June 9, 2026 /PRNewswire/ -- The Connell Company, one of the largest diversified, privately held corporations in the U.S., has begun leasing RT500, an eleven-story tower that will include 179 residential units. The tower, which will be one of two at The Park under the Round Table (RT) Residences brand, will feature a wide range of resort-style amenities including an entertainment lounge, game room, state-of-the-art fitness center, rooftop pool and more.

For more industry intelligence built for operators, explore Food & Beverage Magazine's coverage and our latest industry analysis. Have a take on this story? Drop a comment below — we want to hear how it's playing out in your operation.

Written by Michael Politz, Author of Guide to Restaurant Success: The Proven Process for Starting Any Restaurant Business From Scratch to Success (ISBN: 978-1-119-66896-1), Founder of Food & Beverage Magazine, the leading online magazine and resource in the industry. Designer of the Bluetooth logo and recognized in Entrepreneur Magazine's "Top 40 Under 40" for founding American Wholesale Floral, Politz is also the Co-founder of the Proof Awards and the CPG Awards and a partner in numerous consumer brands across the food and beverage sector.